Nothing is spinning off its budget brand CMF into an independent subsidiary, according to a report by TechCrunch. India will serve as the newly-formed company's headquarters for manufacturing and R&D, thanks to a partnership with one of the country's telecom operators. Nothing says this venture will create over 1,800 jobs in the country.India is actually a good choice for the HQ. The country is Nothing's strongest market overall, with over a 2 percent market share in smartphones. It's the fastest-growing brand in the region, with an 85 percent growth in shipments year over year. CMF also specializes in budget-friendly handsets under $200 and this is the dominant category in India, according to the IDC.